Subsea7 awarded cable installation contract in Taiwan
Luxembourg – 2 September 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award to Seaway7, part of the Subsea7 Group, of a substantial1 contract by Synera Renewable Energy (SRE), for the transport and installation of inter-array cables for the Formosa 4 Wind Farm.
The 495 MW Formosa 4 offshore site is located approximately 20 kilometres off the coast of Miaoli County, Taiwan, and will comprise 35 wind turbine generators. Seaway7’s scope of work includes the transport and installation of 35 inter-array cables with offshore works expected to commence in 2028.
Furthermore, Seaway7 has been selected as the preferred contractor for the cable installation scope on SRE’s Formosa 6 project, comprising the transport and installation of 57 inter-array cables, with contract finalisation expected in 2026.
Stuart Fitzgerald, Seaway7’s CEO, said: “We are looking forward to supporting SRE on the Formosa 4 project and being able to continue contributing to the Taiwanese offshore wind targets with our 7th contract award since entering the Taiwanese market in 2019.”
- Subsea7 defines a substantial contract as being between $150 million and $300 million
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Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.
Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.
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Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel 8
Contact for media enquiries:
Nikki Beales
Communications Manager, Seaway7
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This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 2 September 2025 at 09:28 CET.
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